Team strength: Marc Bolland touts M&S leadership
Marc Bolland, Marks & Spencer's chief executive, said today that the retail giant had “bench strength” in its management team as he showcased the latest phase of the high street giant’s recovery plan.
In an X Factor-style speech which had no fewer than 15 references to M&S’s “journey”, Bolland claimed its new management team, including style director Belinda Earl, formerly of Debenhams, and former Estée Lauder executive Patrick Bousquet-Chavanne, who runs business development at M&S, showed “we have bench strength across the management, its not just a three- or four-man band”.
M&S posted its smallest profits since 2009 this spring, but Bolland claimed that two years into its resuscitation plan M&S had “seen substantive turnarounds, including in food and online”. He said the new womenswear range, featuring leather skirts and with 90% of dresses having sleeves “due to popular demand”, was “not make or break” but was about direction.
Bolland set out plans for better store lay-outs, saying brands such as Per Una had previously “made the rest of womenswear look like the orphan in the room”.
He said M&S had also trained 10,000 womenswear staff via a “fashion camp”. That’s on top of the expensive-looking ad campaign featuring Dame Helen Mirren and Tracey Emin, but in response to analyst concerns, Bolland said it had been cheaper than a normal autumn/winter campaign as it focused on print, outdoor and digital, not TV.
- 1 What happens to your body when you give up sugar?
- 2 Have sex with your iPad thanks to the new sex toy no-one asked for
- 3 The 'sex selfie stick' lets you FaceTime the inside of a vagina
- 4 Why you're almost certainly more like your father than your mother
- 5 Westboro Baptist Church couldn't picket Leonard Nimoy's funeral because they didn't know where it was
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
End of the licence fee: BBC to back radical overhaul of how it is funded
Nigel Farage promises Ukip will not 'stigmatise' would-be migrants – and says he wants 'everyone to speak the same language'
Ex-head of MI6: 'We shouldn't kid ourselves that Russia is on a path to democracy'
Most people think legal tax avoidance is just as wrong as illegal tax evasion, poll suggests
iJobs Money & Business
£8 per hour: Recruitment Genius: This Pension Specialist was established early...
£30 - 35k + Bonus & Benefits: Guru Careers: We are seeking an Executive Assist...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
Voluntary post, reasonable expenses reimbursed: Reach Volunteering: Would you ...